Financings
Cybeats Technologies Corp. Announces C$1.4 Million Non-Brokered Private Placement with U.S. Microcap Fund

CYBT · Price
Executive Summary
- Cybeats Technologies Corp. announced a C$1.4 million non‑brokered private placement with IFCM MicroCap Fund LP.
- The company will issue 12,000,000 common shares at C$0.12 per share, subject to a four‑month hold period.
- Proceeds are earmarked for sales and marketing activities and general corporate purposes.
Key Details
- Placement Size: C$1,440,000 total gross proceeds.
- Shares Issued: 12,000,000 common shares.
- Price per Share: C$0.12.
- Investor: IFCM MicroCap Fund LP (managed by Intelligent Fanatics Capital Management).
- Closing Timeline: Expected within the next 30 days from announcement.
- Hold Period: Shares subject to a four‑month and one‑day hold period in accordance with CSE policies.
- Use of Proceeds: Primarily for sales and marketing initiatives and general corporate purposes.
Notable Quotes
(No direct quotes were provided in the release.)
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Jun 04, 2026 · 07:01